Apeego Ltd. & Ors. vs The Inspector Of Police, T.N. & Anr.

The Supreme Court granted leave and quashed the FIR against the appellants under Section 420 IPC, holding that the transaction in question was purely commercial and did not involve any criminal overtone. The Court noted that the second respondent agreed not to oppose the quashing of proceedings after the appellants offered to pay the amount due, which was formalized through an affidavit and post-dated cheques. The Court concluded that the matter was civil in nature, thus allowing the appeals and dismissing the criminal charges.